Naturally Splendid Enterprises Ltd.
TSX VENTURE : NSP
OTCQB : NSPDF
FRANKFURT : 50N

Naturally Splendid Enterprises Ltd.

July 25, 2016 03:01 ET

Naturally Splendid Announces Retraction of Press Release Dated July 21, 2016

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2016) - Naturally Splendid Enterprises Ltd. ("Naturally Splendid") (TSX VENTURE:NSP)(OTCQB:NSPDF)(FRANKFURT:50N) announced that it is issuing this news release to clarify and retract the information contained in its news release titled "Naturally Splendid Escalates 2016 Growth: New $2.1 Million Purchase Order Shoots Growth Rate to 3000% Since 2015" dated July 21, 2016.

Naturally Splendid is retracting the above news release in its entirety to comply with the provisions of National Instrument 51-102 - Continuous Disclosure Obligations regarding future-oriented financial information. Naturally Splendid confirms that it has received additional purchase orders for $2.1 million CDN from Korea Beauty & Health Care Co., Ltd., based in South Korea. In addition to this purchase order, Naturally Splendid has recorded gross sales of $7.26 million during fiscal 2016 to date ($1.44 million in Q1 2016, $4.37 in Q2 2016 and $1.45 million in Q3 2016 to date).

On Behalf of the Board of Directors

J. Craig Goodwin, CEO, Director

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Naturally Splendid cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally Splendid's control including, but not limited to, Naturally Splendid's ability to complete the private placement financing. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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